“It’s true that Greece (or more precisely the center-right government that ruled the nation from 2004-9) voluntarily borrowed vast sums. It’s also true, however, that banks in Germany and elsewhere voluntarily lent Greece all that money. We would ordinarily expect both sides of that misjudgment to pay a price. But the private lenders have been largely bailed out (despite a ‘haircut’ on their claims in 2012). Meanwhile, Greece is expected to keep on paying.”
http://www.nytimes.com/2015/01/30/opinion/paul-krugman-europes-greek-test.html
KEEP CALM AND LEXIT 